Precious Metals

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) ("NV Gold" or the "Company") is pleased to announce that it has closed the CDN$3,000,000 non-brokered private placement previously announced on May 5th, 2021 (the "Placement"). The Company sold 12,000,000 units (the "Units") at CDN$0.25 per Unit. Each Unit consists of one Share and one Warrant, each Warrant exercisable to acquire one common share at CDN$0.40 per share until May 25, 2024. No finders fees were paid in the closing of the Placement, and to minimize dilution, the Company did not accept subscriptions above CDN$3,000,000

"We are pleased to have received exceptional interest in our private placement to support our vision to make one of the next big gold discoveries in Nevada. As we enter one of our busiest exploration seasons in our corporate history, we appreciate Crescat Capital's support by further increasing its holdings in NV Gold, and also new large long term strategic investors from Europe, North America, and Asia,"commented Peter A. Ball, President and CEO of NV Gold. "As we push forward in 2021, NV Gold controls an extensive portfolio of drill-ready gold projects and the recent signing of a US$10M option agreement by Hochschild Mining on our SW Pipe Gold Project is a reflection of the potential of our portfolio's potential. We are currently putting together a comprehensive exploration program to test multiple other projects, including deep core hole programs at the Slumber and Sandy Gold Projects. In addition, our technical team is currently reviewing accretive acquisitions and also speaking with various groups for joint ventures on projects within our portfolio."

Kevin Smith, Crescat's founder and CIO, said, "We continue to be bullish on the year ahead in the gold sector and to participate with a significant position in NV Gold in their hunt for the next major gold discovery in Nevada. With an exceptional technical team and board of directors, we continue to be supportive of their focused exploration efforts underway in Nevada within their extensive portfolio of drill ready gold projects."

Crescat Portfolio Management LLC ("Crescat") acquired 2,000,000 Units in the Placement and the Company has granted Crescat a right to participate in future equity financings of the Company to allow it to maintain its pro-rata ownership of the common shares of the Company, for as long as Crescat holds at least 5% of the Company's common Shares. Crescat previously purchased 5,125,000 Units of the Company in its previous private placements which closed May 26th, 2020 and August 24, 2020, and now holds 8,938,112 common shares of NV Gold, and warrants to purchase 4,562,500 common shares. Crescat's holdings in NV Gold represents approximately 11.63% of the issued shares of NV Gold and approximately 16.6% on a diluted basis (assuming all of Crescat's warrants are exercised, but none by other warrant holders).

The net proceeds of the Placement will be used by the Company for the advancement of its exploration assets in Nevada, including the Slumber and Sandy Gold Projects, and for general working capital. The common shares forming part of the Units and any shares issued upon exercise of the Warrants are subject to a hold period which expires on September 26, 2021.

The Company also announces that it has granted incentive stock options to officers and directors under its Stock Option Plan entitling them to purchase an aggregate of up to 605,000 common shares of the Company. The stock options are exercisable on or before May 25th, 2026 at a price of CDN$0.50 per share, subject to TSX Venture Exchange acceptance. The incentive option pricing represents a 100% premium to the Company's private placement price that closed today, and a 28% premium to the Company's closing share price on May 25th, 2021 of CDN$0.39. Of note, Board members are not paid Board Fees.

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado, which deploys tactical investment themes based on proprietary value-driven equity and macro models. Crescat's investment goals are to provide industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks and they apply their investment process across a mix of asset classes and strategies. Crescat is taking activist stakes in the precious metals exploration industry today and has recently launched a new private fund to focus on that strategy.

About NV Gold Corporation

NV Gold (TSXV: NVX; OTCQB: NVGLF) is a well-financed exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries in Nevada, USA, leveraging its highly experienced in-house technical knowledge.

On behalf of the Board of Directors,

Peter A. Ball
President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Peter A. Ball, President & CEO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, including the planned deep core hole program at the Slumber Gold Project and the potential for a discovery at its properties, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE:NV Gold Corporation



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B2Gold logo (CNW Group/B2Gold Corp.)

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold's Management Information Circular ("the "Circular") dated May 11, 2022, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

Name

Total Votes
in Favour

Total Votes
Withheld

Outcome of
Vote

Clive Johnson

736,151,813

96.09 %

29,915,129

3.91 %

Approved

Robert Cross

709,667,695

92.64 %

56,399,248

7.36 %

Approved

Robert Gayton

700,910,563

91.49 %

65,156,380

8.51 %

Approved

Jerry Korpan

719,751,227

93.95 %

46,315,715

6.05 %

Approved

Bongani Mtshisi

762,480,309

99.53 %

3,586,634

0.47 %

Approved

Kevin Bullock

763,103,938

99.61 %

2,963,005

0.39 %

Approved

George Johnson

763,543,292

99.67 %

2,523,650

0.33 %

Approved

Robin Weisman

692,770,896

90.43 %

73,296,046

9.57 %

Approved

Liane Kelly

723,856,744

94.49 %

42,210,199

5.51 %

Approved

The resolutions to set the number of directors of the Company at nine and to appoint PricewaterhouseCoopers LLP as auditor of the Company were approved with 99.65% and 99.47%, respectively, of votes cast in favour.

The resolution regarding the Advisory Vote on Company's approach to Executive Compensation was approved with 80.36% of votes cast in favour.

A report on all items of business voted on at the Meeting will be filed on SEDAR at www.sedar.com .

Webcast/Dial-in Playback Details

A playback of the Meeting will be available until Wednesday, July 6, 2022 , on B2Gold's events page or by dialing +1 416-764-8677 (local – Toronto) or +1 888-390-0541 (toll free – North America) (passcode 420261#).

About B2Gold Corp.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan .

On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer

For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact:

Randall Chatwin
SVP, Legal & Corporate Communications

+1 604-681-8371

rchatwin @ b2gold.com

Cherry DeGeer
Director, Corporate Communications
+1 604-681-8371
cdegeer@b2gold.com

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/b2gold-announces-voting-results-from-its-2022-annual-general-and-special-meeting-301573625.html

SOURCE B2Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c4774.html

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